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| Paul Massey’s B6 Real Estate hit with layoffs | ||
| 4/5/2020 6:50 PM | ||
| Paul Massey’s B6 Real Estate Advisors is the latest brokerage to suffer layoffs as New York City remains on lockdown. It wasn’t immediately clear how many employees were let go and in which departments they worked. As of last spring, the investment-sales and debt brokerage counted 55 employees, 30 of whom were brokers. “We deeply regret that sev...Read More | ||
| Thousands of Massachusetts construction workers will strike on Monday over coronavirus safety | ||
| 4/5/2020 9:00 AM | ||
| Around 10,000 construction workers in Massachusetts are set to strike on Monday over concerns of construction site safety related to the coronavirus pandemic. The North Atlantic States Regional Council of Carpenters has directed its members to walk off their job sites the union says can’t be kept safe, according to the Boston Globe. The organiza...Read More | ||
| Brooklyn landlord voluntarily waives April rents at all 18 properties | ||
| 4/4/2020 12:00 PM | ||
| Mario Salerno isn’t the only good landlord in the city of New York, but he’s quickly becoming one of the most well-known. Salerno waived rents for all 80 tenants in all 18 of his apartment buildings — no questions asked — to ease the financial pressure felt by many in the age of coronavirus, according to the New York Times. Residents found signs...Read More | ||
| Look inside: TRD‘s co-working event at SPACES’ Dumbo location | ||
| 4/4/2020 11:00 AM | ||
| On March 5, The Real Deal headed to Dumbo for a panel on the Future of Co-working and to check out a new SPACES location at 175 Pearl Street. With hand sanitizer close by and elbow-bumps instead of handshakes, real estate players gathered to tour, network and listen in to a conversation between TRD‘s David Jeans, IWG’s Michael Berret...Read More | ||
| Some New York renters were caught mid-move | ||
| 4/4/2020 8:00 AM | ||
| The coronavirus pandemic is not only throwing a wrench into the business of renting and selling apartments in New York, but moving to and from them as well. Some unfortunate New Yorkers find their closings on hold. Others are caught mid-move, according to the New York Post. Robert Sosin closed on a three-bedroom unit in the Southbridge Towers in...Read More | ||
| Wood’s Hole mansion breaks Cape Cod sales record | ||
| 4/4/2020 8:00 AM | ||
| The $20 million sale of a sprawling estate in the seaside Cape Cod enclave of Wood’s Hole has broken the previous price record for the Massachusetts peninsula. The sale edged out Bill Koch’s $19.5 million purchase of philanthropist Bunny Mellon’s 26-acre Osterville estate in 2013, according to the Wall Street Journal. The Wood’s Hole property hi...Read More | ||
| WeWork shuts Brooklyn location after employee gets Covid-19 | ||
| 4/3/2020 9:29 PM | ||
| WeWork has closed one of its Brooklyn locations after an employee tested positive for the coronavirus, The Real Deal has learned. Members of the co-working space at 81 Prospect Street were notified by email that the employee was last on the premises April 1 “and until further notice, [is] no longer working at the location.” The site will be clos...Read More | ||
| A stunning 7,300 Covid-related layoffs in two days reported to state | ||
| 4/3/2020 5:50 PM | ||
| The Mandarin Oriental. Soho House. Colony Club. Coronavirus-related layoffs continue to pile up. On Friday and Thursday alone, some 88 layoff notices were filed in New York, signaling that employers across the state would jettison more than 7,300 workers because of Covid-19. The 405 so-called WARN notices filed since March 20 dwarf the total of ...Read More | ||
| Bernie Sanders calls for rent, mortgage freeze | ||
| 4/3/2020 5:43 PM | ||
| Presidential candidate Bernie Sanders is calling for a freeze on rent and mortgage payments as part of the next federal relief package. Sanders urged Congress on Friday to suspend monthly expenses, including rent, mortgage payments, medical debt and consumer debt collection, for four months, as part of a list of priorities he believes legislator...Read More | ||
| Nation’s biggest department stores could run out of funds in a month: Goldman Sachs | ||
| 4/3/2020 5:15 PM | ||
| While experts debate how long the economy will be shut down, some major department stores and apparel retailers have as little as one month’s worth of funds to tough it out. Major department stores like Kohl’s, Nordstrom and Macy’s could run out of capital within a month, according to a liquidity “stress test” published Thursday by Goldman Sachs...Read More | ||
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